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Chapter 10 Quotes and Highlights However, with increased responsibilities, perhaps a growing family, mounting debt loads, andfuture expectations not matching reality, the Sidewalker comes to terms with the uncertainty ofthe SidewalkThe plan is a failure because the plan is based on time and factors you can’t control.It’s my responsibility to provide for my family although for that plan to work I have to rely onothers, including my employer, my financial adviser, the government, and a good economy.Settle for less. Give up on big dreams. Save, live frugal, don’t take unnecessary risks, and one day Iwill retire with millions.While coupons and other Slowlane strategies aren’t worthless in a plan, they shouldn’t be theplan. The Slowlane as a total plan is the problem, not the Slowlane being a part of a plan.Have you become so numbed by making a living that the living has been sucked out of your life?Friday evening is glorified because people celebrate the dividends of their trade: five days ofwork-bondage exchanged for two days of unadulterated freedom. Saturday and Sunday is thepaycheck for Monday through Friday, and Friday evening symbolizes the emergence of thatpayment, freedom for two days. The prostitution of Monday through Friday is the reason “ThankGod it’s Friday” exists. On Friday, people are paid FREEDOM in the currency of Saturday andSunday!Monday through Friday is prostituted for Saturday and Sunday. While people easily recognizeand reject a negative 60% return on their money, they do it willingly with their time.Both instinctively know that something is wrong. They’re settling. They’ve accepted normal.They’ve forsaken their dreams for the insane plan of everyone. Throughout the movie we witnesstheir attempts to escape, and with perilous consequences.Folks like us just don’t get rich playing pro ball, rapping, singing, acting, or entertaining, so we’releft with the Slowlane. And for some, that just might be OK. But for the rest of us with big dreams,big goals, and big ideas, it just doesn’t cut the mustard.Chapter Summary: Fastlane Distinctions The Slowlane is a natural course-correction from the Sidewalk evolving from taking responsibilityand accountability.Wealth is best experienced when you’re young, vibrant, and able, not in the twilight of your life.The Slowlane is a plan that takes decades to succeed, often requiring masterful political prowessin a corporate environment. For the Slowlaner, Saturday and Sunday is the paycheck for Mondaythrough Friday.The default return on your time in the Slowlane is negative 60%—5-for-2.The 5-for-2 trade inherit in the Slowlane is generally fixed and cannot be manipulated, becausejob standards are five days a week.The predisposed destination of the Slowlane is mediocrity. Life isn’t great, but it isn’t so badeither.CHAPTER 11: THE CRIMINAL TRADE: YOUR JOB ByThe Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

working faithfully 8 hours a day, you may eventually get to be the boss and work 12 hours a day. Robert FrostChapter 11 Quotes and Highlights If you don’t control your income, you don’t control your financial plan. If you don’t control yourfinancial plan, you don’t control your freedom.Despite two dozen different jobs over the years, I noticed nothing changes when it comes to officepolitics. It’s the same story, different people, different day, in a different office.Chapter Summary: Fastlane Distinctions In a job, you sell your freedom (in the form of time) for freedom (in the form of money).Experience is gained in action. The environment of that action is irrelevant.Wealth accumulation is thwarted when you don’t control your primary income source.CHAPTER 12: THE SLOWLANE: WHY YOU AREN’T RICHSomebody should tell us, right at the start of our lives, that we are dying. Then we might live life to thelimit, every minute of every day. Do it! I say. Whatever you want to do, do it now. There are only somany tomorrows. Michael LandonChapter 12 Quotes and Highlights Intrinsic value is determined by the marketplace and is the price at which you can trade your timefor money.For the hourly worker, your maximum upper limit is 24 hours, and guess what. There’s nothingyou can do to change this limit. In theory, you can trade 24 hours of your day for income, but youcan’t trade more.Chapter Summary: Fastlane Distinctions Slowlane wealth is improbable due to Uncontrollable Limited Leverage (ULL).The first variable in the Slowlane wealth equation evolves from a job that factors to intrinsic valuethat equates to your nominal value for each unit of your life traded.Intrinsic value is the value of your time set by the marketplace and is measured in units of time,either hourly or yearly.In the Slowlane, intrinsic value (regardless of its time measurement) is numerically inhibitedbecause there are only 24 hours in the day (for the hourly worker),and the average lifespan is 74years (for the salaried worker).Like the Slowlaner’s primary income source (a job), the Slowlaner’s wealth acceleration vehicle(compound interest) is also pegged to time.Like a job, compound interest is mathematically futile and cannot be manipulated. You cannotforce-feed the market (or the economy) to give you phenomenal returns, year after year.Wealth cannot be accelerated when pegged to mathematics based on time.The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

Time is your primordial fuel and it should not be traded for money.Your time should not be an expendable resource for wealth because wealth itself is composed oftime.Your mortality makes time mathematically retarded for wealth creation.If you don’t control the variables inherent in your wealth universe, you don’t control yourfinancial plan.CHAPTER 13: THE FUTILE FIGHT: EDUCATIONThe only thing that interferes with my learning is my education. Albert EinsteinChapter 13 Quotes and Highlights A survey of college borrowers found that the average college senior graduated with nearly 19,000 in student loan debts, and graduate degree pursuers more than 45,000. A 2007 CharlesSchwab survey revealed that teenagers believe when they get older they will earn an averagesalary of 145,000. The reality? Adults with a college degree earned an average of 54,000.Unfortunately, the future isn’t so bright that you have to wear shades. The truth behind realityand expectation is about a 100,000 chasm. This disparity might explain why the debts of ouryouth have exploded as they bridge their reality to expectation. If I can’t make 145,000, I canlook like I make 145,000!wealth is “I don’t have time.” Well, why don’t you have time? Because you have a job. Why do youhave a job? Because you need one. Why do you need one? Because you have bills to pay. Why doyou have bills to pay? Because you have debt. Why do you have debt? Oh yes, because you went toschool for six years and have six figures in student loans.Chapter Summary: Fastlane Distinctions Slowlaners attempt to manipulate intrinsic value by education.Indentured time is time you spend earning a living. It is the opposite of free time.Parasitic debt is debt that creates indentured time and forces work.CHAPTER 14: THE HYPOCRISY OF THE GURUSThere was a time when a fool and his money were soon parted, but now it happens to everybody. Adlai StevensonChapter 14 Quotes and Highlights The Slowlane roadmap is sanctimoniously trumpeted by best-selling book authors who dispensefinancial advice through TV, radio, and books. The strategies they sell are a travesty of grandillusions. Do you seriously think these people are rich from their preachings? Or, are they sellingyou the Slowlane while they get rich in the Fastlane?the rich use the markets for income and wealth preservation—not to create it!The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

Are they rich because of what they preach, OR what they sell? Once you're familiar with Fastlanemathematics, it should become clear to you which gurus are likely guilty of the paradox. Is theunderlying mathematical equation which governs their teachings the same one that made themrich? If the "do as I say" doesn't match the "do as I do", you should be suspicious.In other words, the "do as I say" matches the "do as I do."Economic recessions expose the Slowlane as a risky fraud with lifetime ramifications.Chapter Summary: Fastlane Distinctions Take advice from people with a proven, successful track record of their espoused discipline.Many money gurus often suffer from a Paradox of Practice; they teach one wealth equation whilegetting rich in another. They’re not rich from their own teachings.CHAPTER 15: SLOWLANE VICTORY. . . A GAMBLE OF HOPEI’d rather live in regret of failure than in regret of never trying. MJ DeMarcoChapter 15 Quotes and Highlights Life is a menagerie littered with crisis points, which make the Slowlane roadmap a risky bet thatconsumes your most precious asset: time.If you assign your retirement unto others, you then accept external risks that you can’t control.Slowlane Variables:o Manipulate intrinsic value by increasing hours worked. (I need to make more money!)o Manipulate intrinsic value by changing jobs or adding jobs. (I need to get paid more!)o Manipulate intrinsic value by going back to school. (I need a better career!)o Manipulate compound interest by seeking better investment yields. (I need betterinvestments!)o Manipulate compound interest by expanding investment time horizon. (I need moretime!)o Manipulate compound interest by increasing the investment. (I need to save more!)Chapter Summary: Fastlane Distinctions The Slowlane has seven dangers, five of which cannot be controlled.The risk of “lifestyle” is the one risk Slowlaners will try to control.The Slowlane is predisposed to mediocrity because its mathematical universe is mediocre.Slowlaners manipulate the “expense” variable because it is the one thing they can control.Exponential income growth and expense management creates wealth—not just by curtailingexpenses.You can break the Slowlane equation by exploding your intrinsic value via fame or insidercorporate management.Successful Slowlaners not famous or in corporate management end in the middle . . . middle classand middle age.Slowlane millionaires are stuck in the middle class.The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

5 million is the new 1 million.A millionaire cannot live a millionaire lifestyle without financial discipline.Lottery winners fall into the millionaire trap and go broke because they attempt to live a“millionaire” lifestyle, not understanding that a few million doesn’t go very far.PART 5: Wealth: The Fastlane RoadmapCHAPTER 16: WEALTH’S SHORTCUT: THE FASTLANEPeople would do better, if they knew better. Jim RohnChapter Summary: Fastlane Distinctions The risk profile of a Fastlane strategy isn’t much different from the Slowlane, but the rewards arefar greater.The Fastlane Roadmap is an alternative financial strategy predicated on Controllable UnlimitedLeverage.The Fastlane roadmap is predisposed to wealth.The Fastlane Roadmap is capable of generating “Get Rich Quick” results, not to be confused with“Get Rich Easy.”CHAPTER 17: SWITCH TEAMS AND PLAYBOOKSA man wrapped up in himself makes a very small bundle. Benjamin FranklinChapter 17 Quotes and Highlights From the day you were born, you were baptized to play for Team Consumer, from the Barbie Dolland the Tonka Truck to the Star Wars action figures. You’ve been conditioned to demand: to wantproducts, to need products, to buy products, and of course, to seek out the cheapest of thoseproducts.become a producer first and a consumer second. Applied, this means instead of buying productson TV, sell products. Instead of digging for gold, sell shovels. Instead of taking a class, offer aclass. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of takinga mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to theworld as producer.consumers seek producers. Consumers are the majority who demand their fill!To switch teams and become a producer, you need to be an entrepreneur and an innovator. Youneed to be a visionary and a creator. You need to give birth to a business and offer the worldvalue.Chapter Summary: Fastlane DistinctionsThe Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

Producers are indigenous to the Fastlane roadmap.Producers are the minority as are the rich, while consumers are the majority as are the poor.When you succeed as a producer, you can consume anything you want.Fastlaners are producers, entrepreneurs, innovators, visionaries, and creators.A business does not make a Fastlane—some businesses are jobs in disguise.The Fastlane wealth equation is not bound by time and itsCHAPTER 18: HOW THE RICH REALLY GET RICHOnly those who will risk going too far can possibly find out how far one can go. TS EliotChapter Summary: Fastlane Distinctions The key to the Fastlane wealth equation is to have a high speed limit, or an unlimited range ofvalues for units sold. This creates leverage. The market for your product or service determinesyour upper limit.The higher your speed limit, the higher your income potential.The primary wealth accelerant for the rich is asset value, defined as appreciable assets created,founded, or bought.Wealth creation via asset value is accelerated by each industry’s average multiplier. For everydollar in net income realized, the asset value multiplies by a factor of the multiple.Your industry of specialization will determine the average multiple that determines your wealthaccelerant factor. If the multiple is 3, your WAF is 300%.Liquidation events transform appreciated assets (“paper” net worth) into money (“real” networth) that can be transformed into another passive income stream: a money system.CHAPTER 19: DIVORCE WEALTH FROM TIMETime is the coin of your life. It is the only coin you have, and only you can determine how it will be spent.Be careful, lest you let other people spend it for you. Carl SandburgChapter 19 Quotes and Highlights Money trees are business systems that survive on their own. They require periodic support andnurturing but survive on their own, creating a surrogate for your time-for-money trade.Too many people plant businesses in barren, infertile soil that is incapable of spawning moneytrees, and which is suitable only for a scrawny Slowlane twig that sucks up time and money.What sets the Internet apart from real estate is it implicitly contains leverage. When you own aWeb site, you’re accessible to millions. When you own a three bedroom home on Elm Street, it’saccessible to a few. This duality makes Internet systems one of the best business seedlings inexistence.Chapter Summary: Fastlane DistinctionsThe Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

To divorce yourself from the Slowlane’s transactional relationship of “time for money,” you needto become a producer, specifically, a business owner.Business systems break the bond between “your time for money” because they act like surrogateoperatives for your time trade.If you have a passive income that exceeds all your needs and lifestyle expenses including taxes,you’re retired.Retirement can happen at any age. The fruit from a money tree is passive income.A Fastlane objective is to create a business system that survives time, exclusive of your time.The 5 money-tree seedlings are rental systems, computer systems, content systems, distributionsystems, and human-resource systems.Real estate, licenses, and patents are examples of rental systems.Internet and software businesses are examples of computer systems.Authoring books, blogging, and magazines are forms of content systems.Franchising, chaining, network marketing, and television marketing are examples of distributionsystems.Human resource systems can add or subtract to passivity.Human resource systems are theCHAPTER 20: RECRUIT YOUR ARMY OF FREEDOM FIGHTERSThe rich rule over the poor, and the borrower is slave to the lender. Proverbs 22:7 (NIV)Chapter 20 Quotes and Highlights (the middle-class) use compound interest to get wealthy while Fastlaners (the rich) use it to createincome and liquidity.Compound interest pays my bills. It’s my tool. It’s my passive income source. Yet, compoundinterest is not responsible for my wealth. This is critical. Fastlaners aren’t using compoundinterest to build wealth, because it’s not in their wealth equation. The heavy lifting of wealthcreation is left to their Fastlane business.Chapter Summary: Fastlane Distinctions One saved dollar is the seed to a money tree.A mere 5% interest on 10 million dollars is 40,000 a month in passive income.A saved dollar is the best passive income instrument.Fastlaners (the rich) don’t use compound interest or the markets to get wealthy but to createincome and preserve liquidity.A saved dollar is a freedom fighter added to your army.The rich leverage compound interest at its crest, applied against large sums of money.Fastlaners eventually become net lenders.CHAPTER 21: THE REAL LAW OF WEALTHTry not to become a man of success, but a man of value. Albert EinsteinThe Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.

Chapter 21 Quotes and HighlightsThe Law of Effection states that the more lives you affect in an entity you control, in scale and/ormagnitude, the richer you will become.Chapter Summary: Fastlane Distinctions The Law of Effection states that the more lives you affect or breach, both in scale or magnitude,the richer you will be.Scale translates to “units sold” of our profit variable within our Fastlane wealth equation.Magnitude translates to “unit profit” of our profit variable within our Fastlane wealth equation.The Law of Attraction is not a law, but a theory. The Law of Effection is absolute and operatesexclusive of a roadmap. All lineages of self-made wealth trace back to the Law of Effection.The Law of Effection’s absoluteness comes from direct access and control (you are the athlete)versus indirect access (you are the athlete’s agent).To make millions you must serve millions in scale or a few in magnitu

A Sidewalker's mindset is anchored in three beliefs that keep th em trapped there and vulnerable to moneymaking scams: o Belief 1: Luck is needed for wealth. o Belief 2: Wealth is an event. o Belief 3: Others can give wealth to me. Chapter Summary: Fastlane Distinctions Like wealth, luck is created by process, not by event.